Lockridge at a glance
3,738
People
$780,000
Median sale
$662/wk
Median rent
4.41%
Suburb gross yield
Median sale from 35 recorded sales (last 12 months) — a Districts calculation.
WA › Lockridge › Woolgar Way
4
Bedrooms
1
Bathrooms
3
Car spaces
745 m²
Land
108 m²
Building
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
No recorded sale price for this property yet.
Local land rate: recorded House sales in Lockridge (last 5 years) with land size have a median of $963/m² of land (n=97). Districts calculation from recorded sales — not a valuation.
Lockridge at a glance
3,738
People
$780,000
Median sale
$662/wk
Median rent
4.41%
Suburb gross yield
Median sale from 35 recorded sales (last 12 months) — a Districts calculation.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
WAWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 745 m² — that is not official geometry. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $662/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 745 m² — that is not official geometry.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Lockridge at a glance
3,738
People
$780,000
Median sale
$662/wk
Median rent
4.41%
Suburb gross yield
Median sale from 35 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by HouseSmart Real EstateDiscover the potential of 4 Woolgar Way, Lockridge. This expansive property, boasting a brick and tile four-bedroom home with an external detached games room, presents a unique canvas for investors, owner occupiers and renovators alike. Classic 1970s features are present just waiting for you to breathe new life into them such as an elevated house position with front concrete porch, timber window and door frames, a spacious kitchen area designed back when the kitchen and dining room was the family focal point of a home. I wonder if there are timber floorboards throughout, underneath the carpet? A great feature also, is the external detached games room which could be a brilliant retreat, workshop, hobby space, home gym or additional leasing opportunity. The home is currently tenanted, the tenants love the property, and are in a fixed term lease until September 2024 paying $370 per week. How will you seize this opportunity?
This property is being sold in as-is condition, with what you see simply being what you get - the seller is not warranting any approvals or working order clause. Regardless, this property is a great opportunity with its large block, development potential, and the versatility of the external games room. Embrace the chance to renovate and create your ideal living space or a profitable investment property.
Property Highlights:
- Four-bedroom, one-bathroom brick and tile home built in 1971
- Large 745 square metre, R20/35 zoned block
- Development potential for subdivision, subject to relevant approvals.
- Internal main home floor space of 108 square metres
- External, detached games room features a floor space of approximately 32 square metres.
- Elevated property offering a good street vantage
- Classic and durable timber window and door frames throughout
- Ducted air conditioning system (as-is condition)
- Large and quite flat block
- Gas cooking and ample kitchen cabinetry
- Attractive proximity to parks, schools, shopping centres and public transport
Investor Highlights:
- This property is currently tenanted (long term tenant who loves the home!) until September 2024 at $370 per week.
- Market rent for 4 Woolgar Way is approximatively $500 per week
- Based on a purchase price of $569,000 and market rent, the estimated rental yield for this property is 4.58%
- HouseSmart Real Estate is highly active in Lockridge and the surrounding areas - with an office in nearby Beechboro! - and can provide high-quality property management services from settlement and beyond.
Welcome to a property set back from the road, offering an elevated view and a sense of privacy. As you arrive, you’ll find a single-car metal carport and also a single-car garage, providing ample parking and storage options. The charming front porch invites you to relax and enjoy the serene surroundings.
Step inside to a spacious living room with large windows which flood the area with natural light. The ducted evaporative air conditioning (sold in as is condition) might keep you cool in summer! The kitchen, with its generous U-shaped design and gas cooking facilities, is a great place for family time, entertaining and everyday meal preparation, complemented by abundant cabinetry.
This home features four bedrooms, each with windows framed in classic timber trim, adding a touch of elegance, while security screens work to keep your property safe. The bathroom, ready for renovation or refreshment, offers an opportunity to add your own personal touch.
Outside, the expansive relatively-flat block, zoned R20/35, opens up possibilities for subdivision, subject to council and relevant approvals. The external detached games room at the rear is a versatile space, ideal for a retreat, hobby room, workshop, or an additional leasing opportunity. It includes a patio, in-wall air conditioner, and a wood combustion heater, ensuring comfort and functionality.
Located near Korbosky Park and Mary Crescent Reserve, you’ll enjoy access to bush areas, walking paths, lakes, and playgrounds. The property is within walking distance to Lockridge Primary School, Rosher Oval, Eden Hill Primary School, and Good Shepherd Catholic School. A short stroll to IGA Kiara and a quick drive to Altone Park Shopping Centre, Bassendean shops, and the train station ensures all your needs are within reach. The proximity to major roads and public transport makes commuting and travel convenient.
Don't miss out!
Listing description written by Adam Bettison, HouseSmart Real Estate — reproduced as published, not verified by Districts.